A new study conducted by Standard Chartered has shown that the outstanding value of projects to be awarded in Qatar for the remaining three quarters of 2012 are valued at $26 billion, representing a 153% increase over the same period last year.

“In Qatar, non-oil activity has been subdued for some time, and on-the-ground activity has not corresponded to the double-digit growth rates, which have been driven by oil and gas. This is about to change,” said Standard Chartered.

As the world’s largest producer of liquefied natural gas (LNG), Qatar is close to performing at its maximum capacity, yielding an anticipated 77mn tonnes in 2012, representing a 3% increase on 2011